latest user's comments

and the fact that business would look for alternatives (like machines) instead of hiring people for a 'high' minimum wage cost

and by the logic of that stupid ass graph, businesses can just permanently raise minimum wage forever since they "MAKE MORE MONEY DUE TO INCREASED DEMAND". raise minimum wage to infinity = they get infinite $

People like Trump say "it's all the minorities fault" while hording the money for themselves. When Eisenhower was president, a good Republican by the way, the top marginal tax rate was 92%, and the United States' economy was booming at the time.

Yes, but 60 years ago it was significantly more difficult for companies to relocate to different countries. If the tax rate today was made that high, basically every high-earning company would fuck right off.

There's a difference between tax rate, and effective tax rate. Due to loopholes in the system, the effective tax rate is incredibly low, to the point where the IRS is paying companies like Exxon Mobile hundreds of millions of dollars.

The IRS would only be 'paying them hundreds of millions of dollars' (assuming this is true since I can't be bothered to fact check) because the company overpaid by that much in the first place. And what loopholes? Deductions? Foreign-based income (that gets taxed in those countries)?